Michael Gelband ExodusPoint Capital Management
Michael Gelband is a co-founder of ExodusPoint Capital Management, a multi-strategy hedge fund launched by veterans of larger alternative platforms. The firm pursues diversified strategies across asset classes with a focus on risk-managed absolute returns. Gelband’s firm is followed as part of the newer generation of multi-strategy complexes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$361M |
| 2 |
Meta Platforms (Facebook)
META
|
+$187M |
| 3 |
Duke Energy
DUK
|
+$104M |
| 4 |
ExxonMobil
XOM
|
+$102M |
| 5 |
Intel
INTC
|
+$66.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$399M |
| 2 |
CMS Energy
CMS
|
+$119M |
| 3 |
Constellation Brands
STZ
|
+$116M |
| 4 |
Xcel Energy
XEL
|
+$92.6M |
| 5 |
Global Payments
GPN
|
+$86.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.86% |
| 2 | Utilities | 7.16% |
| 3 | Healthcare | 6.86% |
| 4 | Industrials | 6.78% |
| 5 | Real Estate | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Descartes Systems
DSGX
$6.76B
| $251K | ﹤0.01% |
+2,741
| New | +$241K |
|
1302
SPS Commerce
SPSC
$2.94B
| $250K | ﹤0.01% |
+1,353
| New | +$250K |
|
1303
Adtran
ADTN
$619M
| $249K | ﹤0.01% |
+45,820
| New | +$292K |
|
1304
ATN International
ATNI
$485M
| $248K | ﹤0.01% |
+7,867
| New | +$275K |
|
1305
Barrett Business Services
BBSI
$813M
| $248K | ﹤0.01% |
+7,824
| New | +$227K |
|
|
VTYX
1306
DELISTED
Ventyx Biosciences
VTYX
| $247K | ﹤0.01% |
+44,911
| New | +$205K |
|
1307
Inovio Pharmaceuticals
INO
$124M
| $246K | ﹤0.01% |
+17,690
| New | +$153K |
|
|
SWTX
1308
CALL
DELISTED
SpringWorks Therapeutics
SWTX
| $246K | ﹤0.01% |
+5,000
| New | +$231K |
|
|
GATO
1309
DELISTED
Gatos Silver, Inc.
GATO
| $245K | ﹤0.01% |
29,257
+10,862
| +59% | +$72.3K |
|
|
PSTX
1310
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
| $245K | ﹤0.01% |
+76,686
| New | +$256K |
|
1311
Certara
CERT
$1.26B
| $242K | ﹤0.01% |
+13,534
| New | +$233K |
|
1312
Skyward Specialty Insurance
SKWD
$2.37B
| $240K | ﹤0.01% |
+6,405
| New | +$217K |
|
1313
ChargePoint
CHPT
$157M
| $238K | ﹤0.01% |
+6,255
| New | +$245K |
|
1314
First Advantage
FA
$3.65B
| $237K | ﹤0.01% |
14,625
-48,030
| -77% | -$783K |
|
1315
B2Gold
BTG
$7.44B
| $236K | ﹤0.01% |
+90,497
| New | +$244K |
|
1316
Kopin
KOPN
$892M
| $235K | ﹤0.01% |
130,794
-106,947
| -45% | -$238K |
|
1317
Carpenter Technology
CRS
$23.7B
| $233K | ﹤0.01% |
3,264
-9,721
| -75% | -$636K |
|
1318
Ingles Markets
IMKTA
$1.64B
| $231K | ﹤0.01% |
+3,011
| New | +$241K |
|
1319
QuickLogic
QUIK
$199M
| $231K | ﹤0.01% |
14,418
+548
| +4% | +$7.89K |
|
1320
Whirlpool
WHR
$2.62B
| $231K | ﹤0.01% |
+1,929
| New | +$215K |
|
1321
Matrix Service
MTRX
$302M
| $230K | ﹤0.01% |
17,630
-28,427
| -62% | -$319K |
|
|
CNR
1322
Core Natural Resources Inc
CNR
$4.8B
| $230K | ﹤0.01% |
+2,742
| New | +$245K |
|
1323
FTAI Infrastructure
FIP
$434M
| $226K | ﹤0.01% |
+36,018
| New | +$167K |
|
|
ESPR
1324
DELISTED
Esperion Therapeutics
ESPR
| $224K | ﹤0.01% |
+83,400
| New | +$203K |
|
1325
Western Union
WU
$2.31B
| $223K | ﹤0.01% |
15,928
-140,543
| -90% | -$1.81M |
|
Similar funds
Michael Gelband's Q1 2024 Portfolio in Review
As of Q1 2024, Michael Gelband held 2,094 positions worth $13.1B, down 14% from $15.2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Michael Gelband withdrew a net $3.3B in Q1 2024, closing 644 positions and reducing 360 holdings. Its most notable exit was Fidelity National Information Services, an estimated $399M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 9.3% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Michael Gelband opened a new position in Duke Energy worth $106M.
- Michael Gelband's largest Q1 2024 buy was Duke Energy: 1,098,157 shares worth $106M.
- Michael Gelband added most to NVIDIA in Q1 2024, an estimated $361M increase.
- Michael Gelband's biggest Q1 2024 reduction was CMS Energy, cutting an estimated $119M.
- Michael Gelband fully exited Fidelity National Information Services in Q1 2024, selling an estimated $399M.
- Michael Gelband's ten largest holdings make up 31% of its $13.1B portfolio in Q1 2024.
- Michael Gelband opened 695 new positions and closed 644 in Q1 2024.
- Michael Gelband's portfolio value fell 14% quarter-over-quarter to $13.1B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2024, filed 14 May 2024.